Reliance Industries reports 14 per cent higher YoY PAT for Q1-2015

share this on
0 0
By Tarachand Wanvari Posted on : 21 Jul 2014 06:51 am

BENGALURU: Reliance Industries Limited (RIL) reported 7.2 per cent growth in consolidated operating revenue in Q1-2015 to reach Rs 107905 crore on a y-o-y basis. The company’s y-o-y PAT jumped 13.7 per cent in Q1-2015 to Rs 5957 crore.
 
Two of the smallest contributors to RIL revenue – organised retail and others – which include its mobile, 4G services, internet, tower and television segments are covered in this report. The company’s other segment has reported 1.8 per cent lower revenue in Q1-2015 at Rs 1772 crore as compared to the Rs 1804 crore in Q4-2014 and slightly lower than the Rs 1775 crore in Q1-2014. The performance details of this segment have not been indicated by the company.
 
The Reliance organised retail juggernaut continues to roll on, going from strength to strength. A few years ago the Indian behemoth had announced its foray into the then estimated Rs 3 lakh crore size Indian retail market with planned investments of Rs 25,000 crore.
 
This quarter Q1-2015, RIL reported revenue from its organised retail segment at Rs 3999 crore which was 14.5 per cent higher than the Rs 3492 crore in the year ago quarter and 9.5 per cent higher than the Rs 3653 crore in the immediate trailing quarter Q4-2014. And the segment has reported operating profit (EBIDTA) in Q1-2015 at Rs 81 crore which is more than three times (3.38 times) the Rs 24 crore in the last quarter, as opposed to a loss of Rs 0.4 crore in Q1-2014.
 
Here is what a part of the company’s press release has to say:
 
In May 2014, the board of Reliance Industries Limited approved funding of up to Rs 4,000 crore to Independent Media Trust ("IMT”), of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media & Investments Limited ("NW18”) including its subsidiary TV18 Broadcast Limited (“TV18”). In July 2014, RIL has completed the acquisition of control of Network 18 Media and Investments Limited (“NVV18") including its subsidiary TV18 Broadcast Limited ("TV18”).
 
In June 2014, Reliance Jio Infocomm Ltd. ("RJIL”) has signed a telecom tower sharing agreement with Ascend Telecom Infrastructure. Under the agreement, RJIL will utilise the pan-India tower infrastructure of Ascend to launch its 4G services, ensuring a faster and more efficient rollout to its customers.
 
In May 2014, RJIL and Tower Vision India, an independent tower company in India, have entered into a Master Service Agreement for tower sharing. Under the agreement, Reliance Jio would utilise the telecom tower infrastructure of Tower Vision to launch its services across the country.
 
In April 2014, RJlL and Reliance Communications Ltd.(“ RCOM") have announced the signing of a Master Services Agreement for sharing of RCOlVl’s extensive intra-city optic fiber infrastructure. Under the terms of the agreement, RJIL will utilise RCOM's nationwide intra-city fiber network for accelerated roll-out of its state-of­ the-art 4G services across the country. In addition, in April 2014, RJIL and ATC India, one of the leading independent tower companies in India, signed a tower sharing agreement. Under the agreement, Reliance Jio would utilise the telecom tower infrastructure of ATC India to launch its services across the country.

Go Top